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Fintiri greets Christians, preaches unity, peaceful

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Gov. Umaru Fintiri of Adamawa has called on Christians to show the spirit of unity, love and peace as the world celebrates Easter.

This is contained in a statement signed by his Press Secretary, Mr Humwashi Wonisikou, and made available to newsmen in Yola on Friday.

Fintiri said that such fundamental values would go a long way in promoting and strengthening peace and the harmonious coexistence in the state and the nation at large.

According to him, the Easter season should serve as a reminder of the selflessness, love, sacrifice and tolerance exhibited by Jesus Christ.

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” While I call for a national rebirth in order to move the nation forward, I also urge you on attitudinal change for a peaceful and prosperous nation.

“Remembering that foundation is particularly meaningful this Easter, because our nation is facing challenges that we can overcome if we choose to, by exercising collective tolerance and being ready to make sacrifices.” he said.

He advised Nigerians to always provide selfless service to humanity just as Christ demonstrated through his death and resurrection.

He said, “When we show love and offer selfless service just as Christ did, then our nation and indeed the world we live in will be a better place for all of us.”

Fintiri tasked Nigerians to use the period to supplicate to God on behalf of the country, so that Nigeria would be able to come out of the present economic challenges.

The governor also called on the people to make ample use of the opportunity of the season for sober reflection.

“The teaching on being your brother’s keeper is even more apt now.

“It can start with a conscious effort at living peaceably with one another, regardless of religious views” he said.

He noted that Nigeria needs peace for development to thrive.

“When we pray for peace, we should be prepared to work for peace and live peacefully, and that can start now,” Fintiri said. (NAN)

By Auwalu Birnin Kudu

At Easter, Tinubu celebrates with Christians, calls for unity

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President Bola Tinubu has joined the Christian faithful to commemorate Easter, a significant moment and glorious celebration of the triumph of life over death.

This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Friday in Abuja.

He said  the President greeted Christians in Nigeria and around the world on this occasion, emphasising love, sacrifice, and compassion as the patent themes of this solemn season.

Ngelale said that Tinubu noted the sacrifice of Jesus Christ for humanity as a lesson for leaders and Nigerians to yield to selflessness and compassion, and be steadfast in the pursuit of a united, peaceful, and prosperous nation.

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He said the President commended Nigerians for the sacrifices they made in the past few months for the nation to be steered to the path of recovery and sustainable growth.

”The President is assuring Nigerians that the seeds of patience which they have sown are beginning to sprout and will in no time, bring forth an abundance of good fruits.

”As Christians celebrate the victory of life over death as exemplified by the resurrection of Christ, President Tinubu assures all citizens that Nigeria will triumph over its challenges as his administration remains firmly committed to this end,” Ngelale said.(NAN)

By Ismail Abdulaziz

Nigeria in good hands, says Abiodun, congratulates Tinubu at 72

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Gov. Dapo Abiodun of Ogun has described President Bola Tinubu as a democrat and visionary leader who remained passionately committed to the emergence of Nigeria as an economic power house.

Abiodun said this in a congratulatory message to the President on his 72nd birthday, on Friday.

He said Tinubu remained the right man to lead the country at the period of economic crisis among other issues that were facing the nation.

The governor noted that since his assumption of office on May 29, the president had demonstrated astuteness, resilience and a deep understanding of the needs and aspirations of the people.

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He said the president was worth celebrating because of his commitment to nation-building, adding that he had devoted his whole life to serving humanity.

“I would like to extend my warmest congratulations and best wishes to President Bola Ahmed Tinubu on the occasion of his 72nd birthday.

” This milestone is not only a celebration of a remarkable life well-lived but also an opportunity to acknowledge the president’s exceptional contributions to the growth and development of our great nation, Nigeria.

“President Tinubu has undeniably proven himself as a formidable politician, a visionary leader and a champion of democracy.

” His unwavering commitment to the principles of democracy and good governance has left an indelible mark on our nation’s political landscape,” he said.

Abiodun explained that Tinubu’s leadership style had been instrumental in raising the hopes of Nigerians for a better future.

“As we commemorate this special day, we recognise your unwavering commitment to the betterment of our society, your relentless pursuit of justice and your passion for empowering the people.

“On this auspicious occasion, I join millions of Nigerians in wishing our President good health, happiness and continued success in his quest to bequeath to Nigerians a country of our dreams,” the governor said.(NAN)

By Abiodun Lawal

FG restates commitment to press freedom

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Senate approves FG’s 2022-2024 external borrowing plan

 Alhaji Mohammed Idris,  the Minister of Information and National Orientation, has reiterated the Federal Government’s unwavering commitment to upholding the principle of press freedom and tasked professionals on responsible journalism.

Idris stated this when he hosted some senior executives of the Centre for Media and Society (CEMESO) in Abuja.

“While we drive press freedom, we should also carry along with it the responsibility for the media to discharge its duty creditably, honestly, and transparently.

“You cannot report what is wrong and claim you are doing press freedom. That is unacceptable.

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“Press freedom is the cornerstone of a thriving democracy and the government fully recognises the importance of a vibrant media landscape in fostering democracy.

“President Bola Tinubu is a product of press freedom and he cannot in any way stifle press freedom,” Idris said.

According to him, it is wrong to intentionally disseminate misinformation and inflammatory reports aimed at sowing discord and promoting anarchy within the society under the guise of press freedom.

“You cannot report issues with the intention to create disharmony and discontent that will ultimately lead to the breakdown of law and order for our citizens and say you are exercising press freedom.”

Idris warned that the biggest victims of disinformation are media professionals, who were at risk of losing public trust, confidence, and credibility.

Responding to a request by the Executive Director of CEMESO, Dr Akin Akingbulu, on the review of certain sections of the constitution perceived to be hindering press freedom, the minister gave the assurance that he would work with the National Assembly to achieve results.

Idris also promised to work with other stakeholders to promote compliance with the provisions of the Freedom of Information Act while warning against willful abuse of the Act.

Earlier, Akingbulu commended the minister for changing the narratives of the ministry since his assumption of office.

“There is now a perception that the narratives coming out of here have changed and that the Information Sector in Nigeria is on course to a new era, an era of positive developments”. (NAN)

By Collins Yakubu-Hammer

NUJ inaugurates executives of new Corporate Online Chapel in Enugu Newsdiaryonline

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The Nigeria Union of Journalists (NUJ) has inaugurated executive members of a new chapel, Corporate Online Chapel, bringing to Eleven (11) the number of chapels in the NUJ Enugu State Council.

Performing the inauguration of the executive members of the new chapel on Thursday in Enugu, the Chairman of NUJ, Enugu State Council, Chief Sam Udekwe, urged the new executive members to carry all members of the chapel along.

Udekwe advised them to ensure that members of the chapel comply with truth and objectivity, which the council believes in as members of the journalism profession.

He said, “This chapel will continue to grow. This is a very promising chapel. You have your council membership now, I want to assure you that more members will continue to come.

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“You know what it takes to be qualified to be a member. It is not open to just anybody. It is not open to all bloggers, that is why we say it is Corporate Online Chapel. It is for online practitioners that are journalists.

“There are online publishers that are not journalists. So we want you to make a difference and show the society that there are online practitioners, the ones that are members of the NUJ,” he said.

He charged the executives to take care of their members in line with the tenets of the NUJ profession, adding “you must strive to maintain peace between yourself and other members of the NUJ council”.

Responding, the Chairman of the new Corporate Online Chapel, Chief Clinton Umeh, thanked the National President of the NUJ, Chief Chris Isiguzo, for the approval granted for the creation of the new chapel.

Umeh assured that members of the chapel would live up to expectations, adding: “We will work in accordance with the NUJ Constitution.”

The newly-inaugurated executive members included: Sir Jonathan Ikechukwu (First News) as Vice-Chairman and Chief Odomero Igbodo, (Dome TV) as Secretary,

Others are: Sir Christian Nwangene (Aproko Republic) as Assistant Secretary; Dame Maureen Ikpeama,(Newsline Global) as Treasurer; Dr Sebastine Okafor, (Journalist 101) as Internal Auditor, and Mr Emmanuel Terwase (Afriquecast) as Financial Secretary among others.

The event was witnessed by the Vice Chairman of NUJ, Amb. Regis Anikworji, as well as the Secretary of the Council Dame Ifeoma Amuta, among other members. (NAN)

By Stanley Nwanosike

Regard NIN as essential data for sustainable devt – NDPC

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The Nigeria Data Protection Commission (NDPC) has called on Nigerians to always regard the National Identification Number (NIN) as an essential data for sustainable development.

Mr Babatunde Bamigboye,

Head of Legal, Enforcement and Regulations, NDPC, said this in a statement in Abuja on Thursday.

Bamigboye noted that the alleged data breach by expressverify.com, a licensee of the National Identity Management Commission (NIMC) was investigating by the commission.

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He said the licensee would undergo more scrutiny to ascertain its role of data breach in the processes of NIN verification.

“Following the reported incident of unauthorised National Identification Number (NIN) verification byd  expressverify.com, investigation reveals that a third-party who, among others, was originally authorised to provide verification services to citizens.

“Although genuine businesses might have allowed expressverify.com to use its NIN verification credentials to conduct verification, but the circumstances surrounding this permission is still under investigation.

“At the moment, data processing by licensees generally are to be scrutinized and only those that are cleared based on credible evidence of regulatory compliance will be permitted to carry out NIN verification going forward.

“Members of the public should see NIN as an essential data for sustainable development,” he said.

He noted that that while trying to remedy the expressverify.com incident, NIMC, in line with established remediation protocols, barred all forms of access to its database.

According to him, barring is necessary, but barring all forms of access affected all genuine and crucial verification requests.

“After review, limited access has been granted to few establishments that are providing pivotal public services such as education and security.

“The ongoing investigation by relevant agencies, seeks to establish the medium through which expressverify.com obtained the credentials of bona fide third parties, and to determine the liability of persons involved in line with extant laws.

“While existing technical and organisational measures are being strengthened to ensure the protection of this data, it is important for citizens to ensure that they are not left unidentified in various frameworks for development.”

“It is equally important to be vigilant when sharing personal information on various online platforms,” Bamigboye said.

According to him, trainings will be conducted to ensure that personnel and licensees are abreast of the duty of care and the standard of care mandated by the Nigeria Data Protection Act, NIMC’s Privacy Policy and other relevant regulatory protocols. (NAN)

By Ijeoma Olorunfemi

CBN raises bank’s capital requirement from N25bn to N200bn

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The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion.

The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion , and those with international licences from N100 billion to N500 billion.

According to a statement issued by the Acting Director, Corporate Communications Department of the bank, Mrs Hakama Sidi-Ali, the new minimum capital for merchant banks will be N50 billion.

Sidi-Ali also announced that the new requirements for non-interest banks with national and regional authorisations are N20 billion and N10 billion.

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The News Agency of Nigeria (NAN) reports that the move is coming days after the Monetary Policy Committee (MPC) meeting.

The CBN Governor, Yemi Cardoso had in the meeting , urged Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system.

Meanwhile, a circular signed by the Director, Financial Policy and Regulation Department, Mr Haruna Mustafa, said that all banks were required to meet the new minimum capital requirement within 24 months commencing from April 1 and terminating on March 31, 2026.

According to Mustafa, the move is to enhance banks’ resilience, solvency, and capacity to continue supporting the growth of the Nigerian economy.

Mustafa urged banks to consider injecting fresh equity capital through private placements, rights issues and offers for subscription to meet the new minimum capital requirements.

He also suggested Mergers and Acquisitions (M&As); and upgrade or downgrade of licence authorisation.

He said that the minimum capital shall comprise paid-up capital and share premium only.

“The new capital requirement shall not be based on the shareholders’ fund.

“Additional Tier 1 (AT1) Capital shall not be eligible for meeting the new requirement.

” Notwithstanding the capital increase, banks are to ensure strict compliance with the minimum capital adequacy ratio (CAR) requirement applicable to their licence authorisation.

“In line with extant regulations, banks that breach the CAR requirement shall be required to inject fresh capital to regularise their position,” Mustafa said.

He said that the minimum capital requirement for proposed banks shall be paid-up capital, adding that the new minimum capital requirement shall apply to all new applications for banking licences submitted after April 1.

“The CBN will continue to process all pending applications for banking licences for which a capital deposit had been made and an Approval-in-Principle (AIP) had been granted.

“However, the promoters of such proposed banks will make up the difference between the capital deposited with the CBN and the new capital requirement not later than March 31, 2026.,” he said

He said that all banks were required to submit an implementation plan, clearly indicating the chosen options for meeting the new capital requirement and various activities involved with their timelines, nor later than April 30.

He said that the CBN would monitor and ensure compliance with the new requirements within the specified time line. (NAN)

By Kadiri Abdulrahman

MTN, Tier-1 banks’ stocks lift NGX gains by N157bn

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Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks on Thursday further raised the equity market higher by 0.27 per cent.

Specifically, investors gained N157 billion or 0.27 per cent, making the market capitalisation which opened at N58.963 trillion, to close at N59.120 trillion.

Consequently, the All-Share Index grew by 0.27 per cent or 278.42 points, to close at 104,562.06, as against 104,283.64  recorded on Wednesday.

As a result, the year-to-date (YTD) return on the index rose to 39.84 per cent.

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Buy interest in Guaranty Trust Holding Company (GTCO),  Zenith Bank, Wema Bank, Transnational Corporation, Prestige Assurance, Sovereign Trust Insurance, among other top traders, kept the market in the green.

The market breadth also closed positive with 39 leading equities outnumbering 19 declining stocks on the floor of the Exchange.

Meanwhile, Morison Industries Plc led the gainers table by 10 per cent to close at N1.76, Ikeja Hotel followed by 9.91 per cent to close at N6.43 per share.

Julius Berger gained 9.73 per cent to close at N66, while Omatek appreciated by 9.72 per cent to close at 79k.

UPDC Real Estate Investment Trust went up by 9.57 per cent to close at N5.15 per share.

On the other hand, FTN Cocoa led the losers’ table by 9.60 per cent to close at N1.60

ABC Transport trailed by 9.41 per cent to close at 77k, while Guinea Insurance lost 7.89 per cent to close at 35k.

NGX Group shed 6.75 per cent to close at N21.40 and Chams declined by 6.34 per cent to close at N1.92 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 36.61 per cent.

A total of 623.08 million shares valued at N16.95 billion were exchanged in 10,257 deals, compared to 499.71 billion shares valued at N12.41 billion exchanged in 10,260 deals posted previously.

Zenith Bank led the activity chart in volume with 88.36 million shares valued at 3.89 billion, followed by GTCO which led in value with 78.68 million shares worth N4.11 billion.

Access Corporation sold 56.74 million shares worth N1.39 billion, UBA traded 54.94 million shares valued at N1.54 billion and Fidelity Bank transacted 50.78 million shares worth N504.23 million. (NAN)

By Rukayat Adeyemi

AANI delegation engages EFCC Chairman in productive courtesy visit

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A delegation of the Alumni Association of the National Institute (AANI), led by its National President, Ambassador Emmanuel Obi Okafor mni paid a courtesy visit on the Chief Executive and Chairman of the Economic and Financial Crimes Commission (EFCC) on Wednesday.

During the visit, the leader of the delegation conveyed AANI’s warm congratulations to Mr. Ola Olukolade on his recent appointment as the Chief Executive and Chairman of the EFCC, saying that it was well deserved and commended his efforts in the ongoing fight against economic and financial crimes.

He expressed unwavering support for the EFCC’s endeavours and reiterated AANI’s commitment to contributing to the collective mission of ensuring transparency and integrity within Nigeria’s economic landscape.

Emphasising AANI’s role as a catalyst for implementing research recommendations from the National Institute for Policy and Strategic Studies (NIPSS) Kuru, Ambassador Okafor mni stressed the association’s expertise in policy formation, review, and advocacy across various domains including security, economics, legal, and anti-corruption. He further highlighted that there is extensive research conducted by AANI members at NIPSS, Kuru, that address critical topics essential for national development and the need to take advantage of such great opportunities.

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The AANI National President stressed the urgent need for the implementation of research findings related to combating economic crimes, proposing collaborative efforts between EFCC, AANI, and development partners to achieve this objective. He also emphasised on the importance of sensitising Nigerians on their roles in the fight against financial crimes, advocating for a tripartite collaboration to enhance awareness and enforcement mechanisms.

In response, EFCC Chairman, Mr. Ola Olukolade, acknowledged the challenges inherent in the fight against corruption while expressing gratitude for the delegation’s visit and support. He outlined the EFCC’s key objectives and achievements, highlighting the agency’s focus on promoting transparency, preventing crime through proactive measures, and following due process.

The visit concluded with an optimistic outlook for future collaboration between EFCC and AANI, with both parties reaffirming their commitment to working together towards a more transparent and corruption-free Nigeria.

The AANI National President was accompanied by a high-powered delegation which included, Mrs Olufunke Amos mni, AANI Vice President, Comrade Issa Aremu mni, Director General of Michael Imoudu National Institute for Labour Studies Ilorin, who was also past Secretary General of the association, Mrs. Maryamu Laka Madami mni, Financial Secretary, Dr (Mrs) Favour Ugwuanyi mni, National Social and Welfare Secretary, Dr. Babatunde Kayode mni, Assistant Secretary General, Muhammad Nasir Ladan mni, Director of Administration at AANI National Secretariat. Also present at the occasion were some members of the EFCC management.

By Chimezie Godfrey

Political Tsunami in Senegal, By Jibrin Ibrahim

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I have been in Senegal as part of the ECOWAS Election Observation Mission led by Professor Ibrahim Gambari and the story of the 2024 polls is a pleasing one. The Senegalese people have the capacity to throw out ruling presidents when they derail. In other words, they understand the theory of democracy.

Ten days before the 24th March Senegalese presidential election, the 44-year-old candidate Bassirou Diomaye Faye was in jail together with his mentor, friend and party leader Ousmane Sonko. On Tuesday next week, he will be sworn in as President with 54.28% of total votes cast. President Macky Sall has been jailing all those political actors that he considered a threat to his third term agenda using the judiciary and an evil genius professor of law that the Senegalese call the “Tailleur constitutional”, who has the skills to turn the law to its opposite to service the ambition of his power drunk boss. Before the duo Faye and Sonko were jailed, the son of former President Abdoulaye Wade, Karin and Khalifa Sall, former Mayor of Dakar have both been turned into criminals through abuse of the judicial process, removed from the political arena for some time and jailed to teach them a lesson – don’t challenge President Macky Sall who is determined to destroy Senegalese democracy.

Both of them however remained in the race – Khalifa was able to contest in the presidential election but Karim Wade was disqualified for having a second nationality, French. His dad, who had also tried and failed to get a third term in 2012 was determined that his beloved son Karim must be president. He therefore did a deal with the President, the devil that had blocked him twelve years earlier.  The deal was that the ruling party will work with Wade’s supporters to force through an unconstitutional postponement of the presidential election by ten months allowing the President to stay beyond his tenure and creating enough time for Karim Wade to give up his French citizenship and seek the nomination again while President Sall would use the opportunity to re-open the nomination process to change the presidential candidate he had imposed who it has become clear was not capable of winning the election. Trust the devil, the plot failed. They passed the law through the National Assembly with the required 4/5th absolute majority but to their shock, the normally compliant Constitutional Council threw it out for being in violation of the Constitution. The game was up for Wade and his son so they moved to their next project – revenge against President Macky Sall. Just thirty hours before the elections, father and son called on their supporters to vote for candidate Faye. This was the final nail on the coffin of President Macky Sall as it helped push the momentum for Faye to get the 50% plus 1 that he needed to win in the first round.

Faye’s clear first round victory was a shock to the ruling party. Sonko’s party was only a decade old and was considered a small party in the Senegalese political landscape. The election, which took place after a last-minute postponement and a whirlwind campaign cut from 21 to 12 days so that it could hold before Sall’s term ends on 2nd April, was shrouded in uncertainty. Faye, the presidential candidate of the African Patriots of Senegal for Work, Ethics and Fraternity (PASTEF) party was in jail and was still unknown to the general public just a year ago. However, as soon as people realised his close collaboration with the charismatic party leader Ousmane Sonko as party secretary, the slogan sold to the 7.3 million voters made sense and caught on – “Sonko mooy Diomaye, Diomaye mooy Sonko” (“Sonko is Diomaye, Diomaye is Sonko,” in Wolof. This propelled his popularity and they were able to reap rewards for establishing and growing the party over a ten-year period.

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Senegal has a tradition of allowing radio and television stations to announce polling station results so about three hours after the elections everyone knew that computations from announcements and party agents indicated a first-round victory for opposition candidate Bassirou Diomaye Faye. The following day, two days before results were announced, both the ruling party candidate, Amadou Ba and President Macky Sall called him, conceded defeat while congratulating him for the victory. The game was up and he would not be in office to steal the massive revenues that would be streaming in from petroleum and gas sells starting later this year.

In his victory speech, Faye promised to focus on political healing following the acrimony generated by President Sall’s reckless judicial and physical attacks on his political opponents, getting over 60 people killed while demonstrating against his scheming and jailing over one thousand people for participating in demonstrations. He promised to govern with humility and transparency, the opposite of Macky Sall’s traits.  He has above all promised a rupture disentangling Senegal from French neo-colonialism. France is in deep trouble having lost control in Mali, Burkina Faso, Niger and now Senegal may be joining the bandwagon. The incoming president is particularly popular among young voters in a country where more than 60% of people are under 25 and struggle to find jobs. Faye promised to dedicate more state resources to promote youth employment and address the cost of living crisis the country is facing.

President Sall got his politics wrong. He invested heavily in importing riot control arms, gear and equipment and created new security services, some without uniforms, to shoot into demonstrating crowds. Police crackdowns on protests buoyed the opposition, as did rising living costs and concerns. His determination to extend his mandate beyond constitutional limits angered Senegalese citizens. As was the case in 2000 when Abdou Diouf was voted out and 2012 when it was Abdoulaye Wade’s turn to be voted out, the Senegalese have demonstrated their capacity to get rid of presidents that have lost their bearing.

Senegal is set to start exporting oil and gas this year, and Faye has promised a raft of changes including plans to renegotiate oil and gas contracts as the depth of corruption has been very high. Due to Macky Sall’s commitment to corruption, the elections which were originally scheduled for February 25 was shifted on February 3, the eve of the campaign period over flimsy arguments. This decision was unprecedented and brought both internal and international condemnation. After weeks of back and forth between the different branches of government on a new date, President Sall was forced to announce on March 6, the new date of March 24, which was accepted by the Constitutional Council.  As this episode of the story ends, Macky Sall is widely reported to have made plans to emigrate to a country without extradition agreement with Senegal as the all-powerful finally realises the guilty are afraid and power is never forever.